The Group of Twenty (G20) is the main setting for economic cooperation on a global scale. On all serious international economic issues, it plays a significant role in forming and strengthening the global architecture and governance. For the period of 1 December 2022 to 30 November 2023. India will be the G20’s president. At first, the G20 2023 summit mostly addressed big macroeconomic problems. G20 summit 2023 work on stainable development, health, agriculture, energy, environment, climate change, and anti-corruption.
How G20 summit 2023 Works
For one year, the G20 2023 summit Presidency sets the agenda and hosts the Summit. The Finance Track and the Finance Ministers and Central Bank Governors from the member nations oversee the Finance Track. Sherpa Track are two concurrent tracks that make up the G20 summit 2023.
Sherpa’s run the Sherpa Track after the Finance Track, which is led by finance ministers and central bank governors. The G20 2023 summit countries’ civil society organizations, lawmakers, think tanks, women, young people, labor The past, present, and incoming presidents—the troika—support the presidency. Unions, corporations, and researchers are all represented in engagement groups. The troika will consist of Indonesia, India, and Brazil during India’s Presidency, accordingly.
Members of G20 summit 2023.
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, and the United States make up 19 of the Group of Twenty (G20) along with the European Union. The G20 summit 2023 members account for nearly two-thirds of the world’s population, over 75% of global trade, and 85% of the world’s GDP.
Logo & Theme
The brilliant hues of India’s national flag—saffron, white, green, and blue—were used as inspiration for the G20 Logo. “Bharat” is inscribed in Devanagari script below the G20 logo. The G20 summit 2023 Presidency of India’s “Vasudhaiva Kutumbakam“ or “One Earth” theme. The phrase “One Family, One Future” is taken from the Maha Upanishad, an old Sanskrit scripture.
As we cross these challenging times in a sustainable, comprehensive, responsible, and inclusive way, the logo and the theme together deliver a potent message of India’s G20 Presidency.
Speech by the minister of external affairs at the G20 University Connect Event
In fact, India is taking on this important task at a time when international politics is particularly difficult as well as a turning point in India’s own history. And the fact that we are conducting the G20 in a totally different manner now is evidence of it. The G20 summit 2023 brings together the 20 largest economies in the world, as you are all aware. In the cases of the UAE, Bangladesh, Mauritius, Egypt, Nigeria, Oman, Singapore, the Netherlands, and Spain, we have used this right. As a result, it is clear that this event is extremely significant.
G20 Finance Track
Through its meetings of Finance Ministers, Central Bank Governors, their Deputies, and numerous working group meetings, the G20 summit 2023 Finance Track analyzes global macroeconomic concerns. The global economic outlook and monitoring of global economic risks, international taxation, financing high-quality infrastructure, sustainable finance, financial inclusion, financial sector reforms, funding for upcoming health emergencies, and investments in pandemic prevention, preparedness, and response are a few of the major issues covered by the finance track.
The G20 summit 2023 Agriculture Deputies Group was established in 2011 during the French Presidency to address the fluctuation in food prices around the world. Youth20 (Y20), which had its debut conference in 2010 and offers a venue for young people to voice their opinions on G20 issues, develops a number of proposals that are presented to the G20 Leaders.